The Insolvency and Bankruptcy Code (IBC), 2016 no doubt is a path-breaking initiative in the whole reform process. Not surprisingly, it has triggered huge debate and one of the key grey areas that had emerged in a recent cases pertained to rights of the customers in an insolvency process. The Supreme Court had reportedly indicated…
Drivers in their thousands have been left without insurance cover after insurance firm Alpha announced it had gone bust. The drivers insured with their UK brands, Cover My Cab and Protector, received a text message stating: “Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect.” The text meant thousands of taxi drivers…
BEGBIES Traynor has appointed Adam Southard as a director of its Edinburgh office. Mr Southard, pictured, has joined from Invocas Financial, where he spent the last five years as an insolvency practitioner. He had previously worked for Kroll (now Alix Partners), where he gained experience of working on large and complex administrations. In his new…
US President Donald Trump appears to have given Chinese Company ZTE, who last week saw their products dropped by Telstra, a lifeline after he suddenly over the weekend and after, a discussion with Chinese President Xi of decided to intervene in his commerce departments decision to ban the Chinese telco who has been exposed for…
KKR has put sandalwood company Santanol Group on the market in the latest twist for the plantation industry based in northern Australia. Santanol Group owns about 2000 hectares of plantations with more than 560,000 sandalwood trees in Western Australia and Queensland. Grant Samuel is advising on the sale of 100 per cent of Santanol Group…
NEW DELHI | MUMBAI: The threat of liquidation hangs over Jaypee Infratech after the Interim Resolution Professional (IRP) told the Supreme Court on Friday that the bankruptcy resolution process at the debt-laden realtor had failed to stitch together a revival plan before the clock ran out. According to the Insolvency and Bankruptcy Code, 2016, a…
Troubled Argentine downstream firm Oil Combustibles has been declared bankrupt, but will continue operations for 30 days while YPF, Trafigura and … Subscriber-Only Content BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. Unique ContentUp-to-the-minute and field-proven industry news in…
Drivers in their thousands have been left without insurance cover after insurance firm Alpha announced it had gone bust. The drivers insured with their UK brands, Cover My Cab and Protector, received a text message stating: “Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect.” The text meant thousands of taxi drivers…
Troubled Argentine downstream firm Oil Combustibles has been declared bankrupt, but will continue operations for 30 days while YPF, Trafigura and … Subscriber-Only Content BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. Unique ContentUp-to-the-minute and field-proven industry news in…
The bank identified the fraud early that year and Mr Vrettakos made a full confession but said he was not the only loan officer involved. Im not gonna sit there and cop it because, yes, I did wrong, but I wasnt the only one. I was taught how to do it, Mr Vrettakos said during…